SKY is holding the 0.0255 resistance and eyeing the 0.0230 support zone. Momentum is shifting upward as volume spikes confirm buying pressure.
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$SKY LONG 📈 — Trade Plan
• Entry: $0.088921 – $0.089099
• Stop: $0.086340 (-3.0%)
• Target 1: $0.090345 (+1.5%)
• Target 2: $0.093461 (+5.0%)
• R/R 1:1.7 | Confidence 64%
The market structure broke to the upside, triggering a CHoCH and exposing a fresh fair value gap at 0.0248. CVD turned bullish, confirming the direction, while an order block anchored at 0.0250 aligns with the FVG, creating a POI confluence. The price is now retesting the OB, offering a clean entry for a long position.
A 3.0% stop is relatively tight, so keep leverage at or below 5x to preserve margin.
Take half profit at the first target around 0.0280.
DYOR — this isn't financial advice, size your risk accordingly 🙏
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